SKFRY - AB SKF (publ) Non-GAAP EPS of SEK 2.90 revenue of SEK 23.66B; reaffirms FY22 guidance
- AB SKF (publ) press release ( OTCPK:SKFRY ): 1H Non-GAAP EPS of SEK 2.90.
- Revenue of SEK 23.66B (+14.1% Y/Y).
- Looking into the third quarter of 2022, we expect a high single-digit organic sales growth, with an expected recovery in Automotive demand compared to the same quarter last year.
- Currency impact on the operating profit is expected to be around SEK 350 million positive compared with the third quarter 2021, based on exchange rates per 30 June 2022.
- For the full year 2022, we expect an organic sales growth of about 4-8%.
- Tax level excluding effects related to divested businesses: around 28%.
- Additions to property, plant and equipment: around SEK 5 billion.
For further details see:
AB SKF (publ) Non-GAAP EPS of SEK 2.90, revenue of SEK 23.66B; reaffirms FY22 guidance